The Elusive Quest for Growth
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The Elusive Quest for Growth
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The Elusive Quest for Growth by William R Easterly
Why economists' attempts to help poorer countries improve their economic well-being have failed.Since the end of World War I, economists have tried to figure out how poor countries in the tropics could attain standards of living approaching those of countries in Europe and North America. Attempted remedies have included providing foreign aid, investing in machines, fostering education, controlling population growth, and making aid loans as well as forgiving those loans on condition of reforms. None of these solutions has delivered as promised. The problem is not the failure of economics, William Easterly argues, but the failure to apply economic principles to practical policy work.In this book Easterly shows how these solutions all violate the basic principle of economics, that people--private individuals and businesses, government officials, even aid donors--respond to incentives. Easterly first discusses the importance of growth. He then analyzes the development solutions that have failed. Finally, he suggests alternative approaches to the problem. Written in an accessible, at times irreverent, style, Easterly's book combines modern growth theory with anecdotes from his fieldwork for the World Bank.
William Easterly is a professor of economics at New York University and a senior fellow at the Center for Global Development. He was a senior research economist at the World Bank for more than sixteen years. In addition to his academic work, he has written widely in recent years for The Washington Post, Wall Street Journal, Financial Times, Forbes, and Foreign Policy, among others. He is the author of the acclaimed book The Elusive Quest for Growth: Economists' Adventures and Misadventures in the Tropics. He has worked in many areas of the developing world, most extensively in Africa, Latin America, and Russia.
| SKU | Unavailable |
| ISBN 13 | 9780262550420 |
| ISBN 10 | 0262550423 |
| Title | The Elusive Quest for Growth |
| Author | William R Easterly |
| Series | The Mit Press |
| Condition | Unavailable |
| Binding Type | Paperback |
| Publisher | MIT Press Ltd |
| Year published | 2002-08-02 |
| Number of pages | 360 |
| Cover note | Book picture is for illustrative purposes only, actual binding, cover or edition may vary. |
| Note | Unavailable |